Business News [UP]

Lower-than-expected U.S. consumer demand has resulted in little movement in the retail price for a gallon of gasoline over the last week, data show....Read More

The Walt Disney Company will not move forward with plans to build a massive new campus near Orlando, Fla., according to an internal memo....Read More

Sam Zell, a Chicago real estate magnate who became a billionaire by scooping up old properties, died on Thursday at 81....Read More

Though slowing relative to year-ago levels, inflation in the U.S. economy is “much too high” and remains a lingering concern, the president of the Federal Reserve Bank of Dallas said Thursday....Read More

The British telecommunications company BT says it will eliminate between 40,000 and 55,000 jobs by 2030, with up to 20% to be replaced by AI....Read More

Uber has announced a series of changes and upgrades to its ride-sharing service at its third annual GO-GET conference in New York City....Read More

Commodity markets on Wednesday moved higher after a federal U.S. report showed an uptick in energy demand, though the amount of refined petroleum products sent to the market is below pre-pandemic levels....Read More

Inflation for the nations that use the euro currency increased to 7% over the 12-month period ending in April, a slight increase from March levels, regional data published Wednesday show....Read More

Netherlands-based automaker Stellantis warned Wednesday that it could be forced to shutter some of its electric car plants in Britain unless Brexit rules that require 45% of parts to be British or EU-made are changed....Read More

Wells Fargo has agreed to pay $1 billion to settle a class action lawsuit for overstating its progress following the bank’s fake accounts scandal nearly a decade ago....Read More